We recently published 10 Stocks on Jim Cramer’s Radar. CoreWeave, Inc. (NASDAQ:CRWV) is one of the stocks on Jim Cramer’s radar.
Shares of data center infrastructure provider CoreWeave, Inc. (NASDAQ:CRWV) are ending the year on a strong note, having risen 87% since its initial public offering in March. More recently, however, the stock has struggled, losing 46% since the end of October. Reports emerged in the final quarter of the year about data center construction delays and concerns about an AI bubble. However, Cramer remains bullish on CoreWeave, Inc. (NASDAQ:CRWV), believing the company enjoys a close relationship with AI chip giant NVIDIA and has a good business model. In December, several analysts also shared their opinions on the data center infrastructure company. For example, Citi resumed coverage of CoreWeave, Inc. (NASDAQ:CRWV), but lowered its price target on the stock to $135 from $192, while maintaining a Buy rating on the stock. Cramer has frequently discussed data center concerns in his morning appearances. The CNBC TV presenter believes that the sector lacks a sufficient number of qualified workers to build IT complexes. In this appearance, he dismissed the idea that the drop in CoreWeave, Inc.’s (NASDAQ:CRWV) share price was justified:
“Look, data centers are hard to build (inaudible), said Michael Intrator… CoreWeave, the stock is down a lot, which is nonsense.”
While we recognize CRWV’s potential as an investment, our conviction lies in the belief that some AI stocks have more promise for generating higher returns and have limited downside risk. If you’re looking for an extremely cheap AI stock that’s also one of the biggest beneficiaries of Trump’s tariffs and offshoring, check out our free report on the best short-term AI stock.
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Disclosure: None. This article was originally published in Internal jumpsuit.